Socialists distinguish personal possessions from productive property. Productive property consists of things that are used in the system of social production to produce goods and services for others.
Personal possessions are things an individual or household use for their own purposes.
Socialism aims at putting an end to the class system. Within capitalism the class regime is based on a relative monopolization over the non-human land, equipment and so on used in social production — production of goods and services for others. The ability of individuals/private firms to monopolize control over the nonhuman means of production is the basis of the subordinate and oppressed situation of the working class majority.
Hence socialism aims to shift to “democratic worker and community control” over these non-human means of production used in social production. The idea is for worker management of the industries with democratic social accountability to the masses in regard to what is produced and effects on the masses such as pollution or emissions.
- What are some differences and similarities between a constitutional monarchy and a communist state?
- How is China sustaining the communist party? Are there no revolutions or desire for democracy?
- What do socialism, capitalism, and communism really mean, and what is Marxism-Leninism theory?
- Pourquoi le communisme n'est-il pas populaire en Inde?
- Was Karl Marx an anarcho-communist?
But there is no reason for personal possessions to not continue to be personal possessions since they are not the basis of a system of class domination.
We can also say that state ownership of the non-human means of production also ends up being the basis of a regime of class oppression & exploitation, as under the Soviet Union.
Dwellings might or might not be regarded as personal possessions. Under capitalism profit taking from sale of dwellings ends up causing speculative runups in housing costs to residents. There can be relative concentrations of ownership of dwellings, as by landlords. In that case dwellings become a way for capitalists to make profits. But there could be a system of personal household control over dwellings in socialism as long as this didn’t allow profiteering from speculative sales and re-sales.